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Business, 27.07.2021 19:00 cschuessler3

On June 1, Davis Inc. issued an $86,000, 12%, 120-day note payable to Garcia Company Assume that the fiscal year of Garcia ends June 30. Using a 360-day year in your calculations, what is the amount of interest revenue recognized by Garcia in the following year

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On June 1, Davis Inc. issued an $86,000, 12%, 120-day note payable to Garcia Company Assume that the...
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